ONGC share price target 2025, 2026, 2028, 2030, 2040 and 2050

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This article is going to mainly focus on ONGC Share Price Target 2025, 2026, 2028, 2030, 2040 and 2050. Along with this, we will also discuss the company’s Fundamental, sentiment, Income Report, Share Price history, and Quarterly Report. Our analysis will help investors in taking the right decision.

About ONGC

Oil and Natural Gas Corporation (ONGC) is a Maharatna public sector company in India. It was founded in 1956 and is headquartered in Dehradun, Uttarakhand. ONGC is one of the largest producers of oil and natural gas in the country. It plays a major role in meeting India’s energy needs by producing 71% of the domestic production.

The company explores and produces crude oil and natural gas. Its operations include offshore and onshore drilling. ONGC also contributes to India’s self-sufficiency in energy production. It has partnered with other companies to explore new energy sources.

ONGC has received several awards for its performance. The company employs more than 26000 people. It supports various social and environmental projects. ONGC is an important organization for India’s energy sector. It continues to work towards energy security and sustainability.

ONGC Fundamental

ONGC is the largest company in the oil and gas sector, The company’s market capitalization is ₹331176 Cr, making it a large-cap stock. ONGC has strong financial reserves of ₹299686.37 Cr, showing stability and the ability to handle future projects or challenges. The company is listed on both NSE and BSE with the code ONGC and 500312 respectively.

Total revenue stood at ₹603669 Crore in FY24, showing a negative increment of 5.73% over ₹640400 Crore in FY23. Net profit accelerated to ₹57101 Crore in FY24, showing a jump of 67.72% over FY23. The company has remained consistently profitable for the last several years and its profit margin is also good. Its return on equity (ROE) of 16.3% and return on capital employed (ROCE) of 18.4% indicate good profitability.

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ONGC has a low P/E ratio of 8.06 compared to the industry average of 7.98, suggesting it is slightly undervalued. Its price-to-book ratio (P/B) is 0.94, indicating that the stock trades below its book value. With a dividend yield of 4.65%, the company rewards its shareholders generously. The debt-to-equity ratio of 0.54 is reasonable, reflecting a balanced approach to leveraging.

DescriptionValue
Company NameBharat Electronics Ltd.
SectorOil and Gas
Established1954
Websiteongcindia.in
Listing AtBSE, NSE
BSE Code500312
NSE CodeONGC
Mkt Cap₹331176Cr
Reserves and Surplus₹299686.37Cr
ROE16.3%
ROCE18.4%
52 Week High₹345
52 Week Low₹223
P/E Ratio (TTM)8.06
Industry P/E7.98
P/B Ratio0.94
Face Value5
Book Value Per Share₹280.02
EPS (TTM)₹32.67
Dividend Yield4.65%
Debt to Equity0.54
Total Revenue₹603669Cr
Revenue Growth-5.73%
Net Profit (Anual)₹57101Cr
Profit Growth67.72%
ONGC Fundamental

Returns in Past Year

YearReturns (%)
202416.68%
202339.73%
20223.05%
202153.04%
2020-27.76%
2019-14.08%
2018-23.21%
20172.01%
201618.73%
2015-29.18%
201418.16%
20137.80
20124.44%
2011-20.32%
20109.36%
200976.58%
2008-46.07%
200741.96%
200612.43%
200543.20%
20042.72%
2003127.90%
2002157.73%
200113.34%

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ONGC Share Price Target 2025

The current sentiment of ONGC is showing strong bullish. the ONGC share price target 2025 is going to be between Rs 220 to Rs 335.

YearPrice Target (Min)Price Target (Max)
2025₹220₹335
ONGC Share Price Target 2025

ONGC Share Price Target 2026

According to market experts, the price target of ONGC for 2026 is going to be between Rs268 to Rs 410.

YearPrice Target (Min)Price Target (Max)
2026₹268₹410
ONGC Share Price Target 2026

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ONGC Share Price Target 2028

According to market experts, the price target of ONGC for 2028 is going to be between Rs 390 to Rs 560.

YearPrice Target (Min)Price Target (Max)
2028₹390₹560
ONGC Share Price Target 2028

ONGC Share Price Target 2030

According to market experts, ONGC Share Price Target 2030 is going to be between Rs470 to Rs 690.

YearPrice Target (Min)Price Target (Max)
2030₹470₹690
ONGC Share Price Target 2030

ONGC Share Price Target 2040

According to the past trend of the company, ONGC Share Price Target 2040 is going to be between Rs 940 to Rs 1270.

YearPrice Target (Min)Price Target (Max)
2040₹940₹1270
ONGC Share Price Target 2040

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ONGC Share Price Target 2050

According to the past trend of the company, ONGC Share Price Target 2050 is going to be between Rs 1580 to Rs 1950.

YearPrice Target (Min)Price Target (Max)
2050₹1580₹1950
ONGC Share Price Target 2050

Latest News

Strengths

  • ONGC has posted a net profit of ₹57,101 crore in FY24, a growth of 67.72% over FY23.
  • The company has maintained healthy margins with an operating profit margin of 18.01% and a net profit margin of 8.88% in FY24.
  • The quarterly results also show a steady improvement in profitability.
  • With a P/E of 8.06 and a P/B of 0.94, the stock appears to be undervalued, offering a potential investment opportunity.
  • ONGC has been making consistent and high dividend payouts (₹12.25 per share in FY24) which appeals to income-focused investors.
  • The strong promoter shareholding of 58.89% reflects confidence in the company.

Risks

  • Despite profit growth, total revenue declined by 5.73% in FY24 compared to FY23.
  • The company’s net cashflow is declining, indicating that it is unable to generate net cash.
  • The company’s performance is highly linked to crude oil prices, which are highly volatile and affected by global factors.
  • Cash flows from financing activities and investing activities have been consistently negative, impacting its liquidity.
  • The company closed FY24 with a negative cash balance of ₹-2,366 crore.
  • The oil and gas industry is facing pressure due to environmental concerns, regulatory changes and a global shift towards renewable energy sources.
  • Foreign institutional investors hold only 8.12% stake, which may indicate limited international investor confidence.

ONGC Share Price History Chart

ONGC Share Price History Chart
ONGC Share Price History Chart

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ONGC Quarterly Income Report

DescriptionSep 24Jun 24Mar 24Dec23
Revenue +₹38647Cr.₹37327Cr.₹38317Cr.₹38189Cr.
Expenses +₹23611Cr₹25371Cr.₹25456Cr.₹25578Cr.
EBITDA₹21791Cr₹19036Cr.₹19571Cr.₹18735Cr.
EBIT₹16193Cr₹13138Cr.₹13895Cr.₹13633Cr.
Net Profit₹11984Cr₹8938Cr.₹9869Cr.₹9892Cr.
Operating Profit Margin64.32%53.98%56.50%53.85%
Net Profit Margin35.37%25.34%28.49%28.43%
Earning Per Share₹9.53₹7.10₹7.85₹7.86
Dividends Per Share6.000.000.004.00
ONGC Quarterly Income Report

ONGC Annual Income Report

DescriptionMar 24Mar 23Mar 22Mar 21
Total Revenue₹603669Cr₹640400Cr₹498738Cr₹313225Cr
Total Expenses₹527569Cr₹587550Cr₹444006Cr₹285036Cr
Profit/Loss₹57101Cr₹34046Cr₹49294Cr₹21360Cr
Net Profit Margin8.88%5.77%9.27%5.93%
Earning Per Share₹39.13₹29.18₹36.19₹12.96
EBITDA₹115817₹77217₹86670₹60744
EBIT₹87054₹52635₹59787₹35205
Operating Profit Margin18.01%12.46%16.30%16.85%
Dividends Per share12.2511.2510.503.60
ONGC Annual Income Report

ONGC Cash Flow

Particulars2024202320222021
Opening Cash Balance₹1225Cr.₹2729Cr.₹1468Cr.₹1664Cr.
Cash Flow From Operating Activities₹99263Cr₹86062Cr.₹78248Cr.₹47185Cr.
Cash Flow From Investing Activities₹-57203Cr₹-74690Cr.₹-41197Cr.₹-39141Cr.
Cash Flow From Financing Activities₹-45650Cr₹-12876Cr.₹-35790Cr.₹-8239Cr.
Closing Cash Balance₹-2366Cr₹1225Cr.₹2729Cr.₹1468Cr.
Net Change In Cash₹-3591₹-1504₹1261₹-195.44
ONGC Cash Flow

ONGC Share Price Target 2025, 2026, 2028, 2030, 2040 to 2050

YearPrice Target (Min)Price Target (Max)
2025₹220₹335
2026₹268₹410
2028₹390₹560
2030₹470₹690
2040₹940₹1270
2050₹1580₹1950
ONGC Share Price Target 2025 to 2050

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ONGC Shareholding Pattern

ShareholderShare %
Promoter58.89%
Other Domestic Institutions11.10%
Retail and Others13.95%
Foreign Institutions8.12%
Mutual Funds7.94%
Total100.00%
ONGC Shareholding Pattern

How to Buy ONGC Shares?

Buying and selling of ONGC can be done by a stock broker registered with SEBI. Here are the names of some popular brokers.

  • groww
  • Zerodha
  • Angel One
  • upstox

ONGC Similar Stocks

ONGC Share Price Target: Export Opinion

Company NameMkt CapProfit (1Year)52W L52W H
Kaynes Technology India ₹39.80KCr.124.99%₹2424₹7822
Hindustan Aeronautics ₹2.56LCr.22.77%₹2820₹5674.75
Boeing Co₹12.70 KCr.15.74%₹137.03₹217.59
Airbus SE₹12.38KCr6.05%₹124.72₹172.78
Bharat Dynamics ₹42.29 KCr31%₹776.05₹1794.70
Apollo Micro Systems ₹3.94 KCr.4.75%₹87.99₹147.55
Bharat Electronics ₹1.97 KCr43.07%₹171.70₹340.35
ONGC Similar Stocks

Profitable Stocks

StocksMkt cap Profit (1Year) 52W L 52W H
Adani ports₹3.11 LCr94.78%₹703.00₹1,457.05
Adani Enterprises₹3.89 LCr 40.35%₹2142.00₹3457.85
Suzlon Energy₹90.75 KCr85.69%₹33.90₹86.04
Tata Power Company₹1.44 LCr101.76%₹215.70₹464.20
Adani Power₹2.92 LCr192.93%₹231.00₹797.00
Havells India₹1.20 LCr41.69%₹1232.85₹1950.05
Tata Motors₹3.57 LCr72.86%₹557.70₹1065.60
Tata Power₹1.44 LCr75.52%₹230.80₹494.85

Conclusion

ONGC is a financially strong and undervalued company with good profitability and high dividends. The company has huge reserves which show its ability to withstand adverse conditions. However, risks such as declining revenues, negative cash flow trends and industry-specific challenges need to be taken into account. Investors should consider these factors before making a decision.

Disclaimer– Please note that all the information given here is for general information purpose only and not for investment purposes. Therefore, before investing in any share, take advice from a certified market expert. If you invest, you will be responsible for your profits and losses.

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Q1. What is the ONGC share price target 2025?

Ans: 2025 price target of ONGC will be between Rs.220 to Rs.335.

Q2. What is the ONGC share price target 2030?

Ans: ONGC will trade between Rs 470 and Rs 690 in 2030.

Q4. What is the ONGC share price target 2040?

Ans: 2040 price target of ONGC will be between Rs.940 to Rs.1270.

Q5. What is the ONGC share price target 2050?

Ans: 2050 price target of ONGC will be between Rs.1580 to Rs.1950.

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